LightInTheBox (NYSE:LITB) Earns Buy Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of LightInTheBox (NYSE:LITB) in a research note issued to investors on Saturday. The firm issued a buy rating on the technology company’s stock.

LightInTheBox Stock Down 1.5 %

Shares of LITB opened at $1.74 on Friday. LightInTheBox has a 52 week low of $1.56 and a 52 week high of $6.90. The stock has a market cap of $32.06 million, a price-to-earnings ratio of -4.98 and a beta of 0.95. The business has a 50-day simple moving average of $2.13 and a two-hundred day simple moving average of $3.21.

Hedge Funds Weigh In On LightInTheBox

A hedge fund recently bought a new stake in LightInTheBox stock. Garden State Investment Advisory Services LLC purchased a new position in LightInTheBox Holding Co., Ltd. (NYSE:LITB) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,663 shares of the technology company’s stock, valued at approximately $34,000. Garden State Investment Advisory Services LLC owned approximately 0.06% of LightInTheBox as of its most recent filing with the Securities and Exchange Commission. 56.77% of the stock is currently owned by hedge funds and other institutional investors.

LightInTheBox Company Profile

LightInTheBox Holding Co, Ltd., together with its subsidiaries, operates as an online retailer that delivers products directly to its consumers worldwide. The company provides apparel products; and other general merchandise products, such as small accessories and gadgets, home garden, toys and hobbies, electronics and communication devices, and other products.